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Elon Musk Tweets About Self-Driving Safety; Investors Pay Attention
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Elon Musk Tweets About Self-Driving Safety; Investors Pay Attention

Tesla’s (TSLA) FSD (Full Self-Driving Package) has long been a contentious subject in the automobile industry, with investors holding different viewpoints. While many believe that installing this software on public roads will revolutionize autonomous driving technology, others have attacked Tesla about it from a safety viewpoint, as it is still in the beta stage.

Amidst this controversy, the recent retweet made by the CEO of Tesla, Elon Musk, on the post shared by Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, is a treat for Tesla’s investors.

According to Gerber’s tweet, Tesla FSD Beta has had no accidents since the initial beta release in October 2020. He stressed that while 20,000 people have died in automobile accidents in that time period, Tesla’s self-driving technology has yet to cause a single fatality on the road, which is commendable. Several admirers and enthusiasts have applauded the same on Twitter’s social networking site.

Musk’s “Correct” comment on the Tweet has confirmed Gerber’s assertion and dispelled any worries regarding the FSD beta’s safety. To ensure total safety, the business has ensured that only individuals who drive safely on the roads will receive the FSD, avoiding any catastrophes.

With upgrades on its FSD Beta, an early version of its self-driving software that is presently being tested by a fleet of Tesla owners, the business appears to be well prepared to expand its footprint in the autonomous driving field. The business published a new Full Self-Driving Beta software version (10.7) last month that solves the problems associated with “phantom braking” and makes the FSD beta more energy efficient.

With the fourth-quarter earnings season in full gear, Tesla will announce its fourth-quarter 2021 upcoming earnings this month, on January 26. According to analysts, Tesla is expected to report adjusted earnings of $2.24 per share, reflecting a spike of 180% on a year-over-year basis.

During the company’s Q4 results conference call, we can expect to hear more details about its FSD.

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